iShares Core U.S. REIT ETF (NYSEARCA:USRT) Hits New 52-Week High – Should You Buy?

iShares Core U.S. REIT ETF (NYSEARCA:USRT)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $63.00 and last traded at $62.99, with a volume of 8237 shares changing hands. The stock had previously closed at $62.32.

iShares Core U.S. REIT ETF Trading Up 0.7 %

The business’s fifty day moving average price is $60.88 and its 200-day moving average price is $57.61. The company has a market capitalization of $2.74 billion, a P/E ratio of 26.47 and a beta of 0.97.

Institutional Investors Weigh In On iShares Core U.S. REIT ETF

Several hedge funds have recently added to or reduced their stakes in USRT. US Bancorp DE raised its position in iShares Core U.S. REIT ETF by 1.5% in the 3rd quarter. US Bancorp DE now owns 2,687,948 shares of the company’s stock worth $165,497,000 after purchasing an additional 39,016 shares during the period. Trust Co of Tennessee bought a new position in shares of iShares Core U.S. REIT ETF during the second quarter valued at about $61,055,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Core U.S. REIT ETF by 5.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,093,235 shares of the company’s stock worth $58,554,000 after buying an additional 58,262 shares during the period. Heritage Financial Services LLC lifted its stake in shares of iShares Core U.S. REIT ETF by 2.6% in the 3rd quarter. Heritage Financial Services LLC now owns 734,016 shares of the company’s stock valued at $45,193,000 after acquiring an additional 18,846 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in iShares Core U.S. REIT ETF by 32.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 650,759 shares of the company’s stock valued at $34,855,000 after acquiring an additional 158,072 shares during the period.

iShares Core U.S. REIT ETF Company Profile

The iShares Core U.S. REIT ETF (USRT) is an exchange-traded fund that is based on the FTSE Nareit \u002F Equity REITs – INV index, a market-cap-weighted index of US-listed REITs USRT was launched on May 1, 2007 and is managed by BlackRock.